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Bauxite companies to present plans for 2013 today
The Ministry of Natural Resources and the Environment will host a strategic review of the bauxite sector in Linden, today, to highlight achievements, challenges and projections for the sector.
The review will witness presentations by Bosai Minerals Group (Guyana) Inc. and Bauxite Company of Guyana Inc. (RUSAL), after which an interactive session with the regulatory agency, the Guyana Geology and Mines Commission to discuss environmental commitments and compliance of the Mining Regulations.
Last year, bauxite production improved significantly, from 1,827,555 metric tonnes in 2011 to 2,034,811 metric tonnes at the end of November 2012, an overall improvement of 25.7 percent relative to the 1,618,483 produced in the period January to November 2011.
The Bauxite Company of Guyana Inc. produced 1,416, 287 metric tonnes of bauxite in the period January to November 2012, some six per cent more than that which was produced for the whole of 2011 (1,337,057 metric tonnes).
Bosai Minerals Group (Guyana) Inc. (BMGGI) produced 618,524 metric tonnes between January and November 2012, some 26 per cent more than for the whole of 2011 (490,498 metric tonnes). Bosai announced that it will invest close to US$100M to expand its operations in 2013.
Minister of Natural Resources and the Environment, Robert Persaud, senior management of the Guyana Geology and Mines Commission and top executives of Bosai Minerals Group (Guyana) Inc. and Bauxite Company of Guyana Inc. will be present and share experiences towards the sustainability and expansion of the bauxite sector.
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